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Twin Tree Management Portfolio holdings
AUM
$4.75B
1-Year Est. Return
58.16%
This Fund
S&P 500
This Quarter
Est. Return
+6.47%
1 Year Est. Return
+58.16%
3 Year Est. Return
+159.37%
5 Year Est. Return
+138.93%
10 Year Est. Return
+547.41%
AUM
$11.5B
AUM Growth
-$12.6B
(-52%)
Cap. Flow
-$13.4B
Cap. Flow
% of AUM
-116.91%
Top 10 Holdings %
Top 10 Hldgs %
19.57%
Holding
1,782
New
369
Increased
257
Reduced
664
Closed
431
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$17.4M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$17.2M |
| 3 |
Coinbase
COIN
|
+$16.1M |
| 4 |
Accenture
ACN
|
+$12.6M |
| 5 |
XYZ
Block Inc
XYZ
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Biotech ETF
XBI
|
+$76M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$50.6M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$44.5M |
| 4 |
Seagate
STX
|
+$44.4M |
| 5 |
SoFi Technologies
SOFI
|
+$34.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.69% |
| 2 | Consumer Discretionary | 1% |
| 3 | Materials | 0.99% |
| 4 | Financials | 0.76% |
| 5 | Healthcare | 0.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
101
CALL
Bristol-Myers Squibb
BMY
$127B
| $24.5M | 0.21% |
453,300
-168,400
| -27% | -$8.1M |
|
102
CALL
Expedia Group
EXPE
$31.2B
| $24.4M | 0.21% |
86,200
-51,000
| -37% | -$12.6M |
|
103
CALL
iShares Gold Trust
IAU
$63B
| $24.4M | 0.21% |
300,000
-569,800
| -66% | -$44.6M |
|
104
CALL
Ross Stores
ROST
$76.6B
| $24.3M | 0.21% |
134,900
+8,000
| +6% | +$1.33M |
|
105
CALL
Constellation Energy
CEG
$98B
| $24.2M | 0.21% |
+68,500
| New | +$24.9M |
|
106
PUT
Toyota
TM
$210B
| $24.1M | 0.21% |
112,700
-97,700
| -46% | -$19.8M |
|
|
107
PUT
Constellation Energy
CEG
$98B
| $24.1M | 0.21% |
68,100
+29,500
| +76% | +$10.7M |
|
108
CALL
NXP Semiconductors
NXPI
$68B
| $23.9M | 0.21% |
110,200
+86,500
| +365% | +$18.5M |
|
109
CALL
Adobe
ADBE
$89.5B
| $23.4M | 0.2% |
66,800
+100
| +0.1% | +$34K |
|
|
110
PUT
Adobe
ADBE
$89.5B
| $23.2M | 0.2% |
66,400
-147,800
| -69% | -$50.3M |
|
111
PUT
NVIDIA
NVDA
$5.01T
| $23.2M | 0.2% |
124,600
-130,800
| -51% | -$24.3M |
|
112
PUT
Astera Labs
ALAB
$50B
| $23M | 0.2% |
138,500
-250,600
| -64% | -$41.9M |
|
113
PUT
Pan American Silver
PAAS
$18.6B
| $22.8M | 0.2% |
439,900
-677,700
| -61% | -$28.4M |
|
114
PUT
MongoDB
MDB
$24B
| $22.5M | 0.2% |
53,600
-45,900
| -46% | -$16.7M |
|
115
CALL
Interactive Brokers
IBKR
$40.9B
| $22.4M | 0.2% |
347,800
+46,700
| +16% | +$3.13M |
|
116
CALL
Toronto Dominion Bank
TD
$198B
| $22.1M | 0.19% |
+234,600
| New | +$19.8M |
|
117
PUT
Lockheed Martin
LMT
$134B
| $22.1M | 0.19% |
45,600
+32,400
| +245% | +$15.5M |
|
118
CALL
Lam Research
LRCX
$382B
| $21.6M | 0.19% |
126,200
| – | – |
|
119
PUT
Cameco
CCJ
$38.3B
| $21.5M | 0.19% |
234,600
+116,400
| +98% | +$10.5M |
|
|
XYZ
120
Block Inc
XYZ
$45.9B
| $21.4M | 0.19% |
329,101
+165,832
| +102% | +$11.4M |
|
121
PUT
Salesforce
CRM
$134B
| $21.4M | 0.19% |
80,600
-17,600
| -18% | -$4.37M |
|
122
CALL
CrowdStrike
CRWD
$187B
| $21.3M | 0.19% |
181,600
-285,200
| -61% | -$36.3M |
|
123
CALL
Edwards Lifesciences
EW
$47.6B
| $21.3M | 0.19% |
249,500
-170,800
| -41% | -$14M |
|
124
CALL
W.W. Grainger
GWW
$65.3B
| $21.2M | 0.18% |
21,000
-15,700
| -43% | -$15.2M |
|
125
PUT
Snowflake
SNOW
$92.9B
| $20.8M | 0.18% |
95,000
-222,600
| -70% | -$54.3M |
|
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RS
MF
SCB
WAM
Twin Tree Management's Q4 2025 Portfolio in Review
As of Q4 2025, Twin Tree Management held 1,782 positions worth $11.5B, down 52% from $24B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Twin Tree Management withdrew a net $13.4B in Q4 2025, closing 431 positions and reducing 664 holdings. Its most notable exit was VanEck Junior Gold Miners ETF, an estimated $50.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Twin Tree Management opened a new position in Johnson & Johnson worth $18.2M.
- Twin Tree Management's largest Q4 2025 buy was Johnson & Johnson: 87,808 shares worth $18.2M.
- Twin Tree Management added most to Coinbase in Q4 2025, an estimated $16.1M increase.
- Twin Tree Management's biggest Q4 2025 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $76M.
- Twin Tree Management fully exited VanEck Junior Gold Miners ETF in Q4 2025, selling an estimated $50.6M.
- Twin Tree Management's ten largest holdings make up 20% of its $11.5B portfolio in Q4 2025.
- Twin Tree Management opened 369 new positions and closed 431 in Q4 2025.
- Twin Tree Management's portfolio value fell 52% quarter-over-quarter to $11.5B.
Based on Twin Tree Management's 13F filing for Q4 2025, filed 11 Feb 2026.